Short Interest in Net Lease Office Properties (NYSE:NLOP) Rises By 22.0%

Net Lease Office Properties (NYSE:NLOP) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 413,887 shares, a growth of 22.0% from the December 31st total of 339,151 shares. Based on an average daily volume of 180,241 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.8% of the company’s stock are sold short. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 180,241 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Net Lease Office Properties in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Net Lease Office Properties presently has an average rating of “Hold” and a consensus price target of $46.00.

Net Lease Office Properties Stock Down 0.0%

Shares of NYSE:NLOP opened at $19.15 on Thursday. The company has a market capitalization of $283.54 million, a PE ratio of -1.57 and a beta of 0.81. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. Net Lease Office Properties has a twelve month low of $18.45 and a twelve month high of $34.53. The firm has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $27.77.

Net Lease Office Properties (NYSE:NLOP) last posted its earnings results on Friday, November 7th. The company reported ($4.33) EPS for the quarter. Net Lease Office Properties had a negative net margin of 156.16% and a negative return on equity of 34.31%. The company had revenue of $29.78 million during the quarter. On average, equities analysts predict that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Net Lease Office Properties Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a dividend of $6.75 per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NLOP. Ameritas Advisory Services LLC purchased a new stake in Net Lease Office Properties in the second quarter valued at approximately $26,000. Laurel Wealth Advisors LLC increased its holdings in shares of Net Lease Office Properties by 3,157.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock valued at $26,000 after acquiring an additional 821 shares during the period. FNY Investment Advisers LLC purchased a new stake in Net Lease Office Properties in the 3rd quarter valued at $44,000. Jones Financial Companies Lllp boosted its stake in Net Lease Office Properties by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock worth $44,000 after purchasing an additional 1,172 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Net Lease Office Properties by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock worth $47,000 after purchasing an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

About Net Lease Office Properties

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.